IRS Form 1040 Schedule C Profit or Loss From Business (Sole Proprietorship)

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 1040 Schedule C for the current year.

IRS Form 1040 Schedule C Profit or Loss From Business (Sole Proprietorship)

What Is IRS Form 1040 Schedule C?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1040, U.S. Individual Income Tax Return. Check the official IRS-issued instructions before completing and submitting the form.

FAQ

Q: What is IRS Form 1040 Schedule C?
A: IRS Form 1040 Schedule C is a tax form used by sole proprietors to report their profit or loss from business.

Q: Who should file IRS Form 1040 Schedule C?
A: Sole proprietors or self-employed individuals who operate a business should file IRS Form 1040 Schedule C.

Q: What information is required to complete IRS Form 1040 Schedule C?
A: To complete IRS Form 1040 Schedule C, you will need to provide information about your business income, expenses, and deductions.

Q: How do I calculate the profit or loss for my business on IRS Form 1040 Schedule C?
A: To calculate the profit or loss for your business on IRS Form 1040 Schedule C, subtract your business expenses from your business income.

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Form Details:

  • A 2-page form available for download in PDF;
  • This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
  • Editable, printable, and free;

Download a fillable version of IRS Form 1040 Schedule C through the link below or browse more documents in our library of IRS Forms.

Download IRS Form 1040 Schedule C Profit or Loss From Business (Sole Proprietorship)

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